“How is the market doing and how are you doing things during the pandemic?" Those are questions I have had a number of times and everyone is different, but this is how our team is doing it.
 
To add some context, based on the numbers from week to week in Waterdown & Burlington, it seems that about 30% of the Buyers are still out there and did purchase, compared to the same time frame last year. Most of these Buyers likely needed somewhere to live and were midway in the Sell/Buy process. As a result, their purchase was a necessity, versus just getting started with the buying process. 
 
The showings have been greatly minimized; in some cases, the home does not get shown at all, other than via our video walkthroughs, interactive tours, photos, floor plans and online video calls or until an offer is entertained...and that only happens with safe viewing practices such as:
 

• A health questionnaire gets filled out within 24 hours of the requested viewing time and signed by everyone viewing;

• Anyone with any of the 5 symptoms or who has recently travelled DOES NOT view the home;

• Appointment is confirmed ONLY after signed questionnaire received;

• Number of people is minimized i.e. just the Buyers and their agent; no friends or family along for extra support;

• Buying agent is gloved and the only one that touches anything, everyone else keeps their hands in their pockets;

• No appointments overlap;

• Light switch operation and use of washroom is not permitted.

These are uncommon times and uncommon measures must be taken to adapt to meet just the need and keep folks safe at the same time. Stay safe and don't hesitate to let us know how we can be of help!

Hamilton, ON (April 1, 2019) - The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,032 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in March, 2019. This is a 1.2 per cent drop from March last year; however, a 40 per cent increase over February 2019 and a 74 per cent increase over January 2019. The average price was up from March 2018 by 4.9 per cent to $575,099.

“The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market,” says RAHB CEO George O’Neill. “We experienced a two per cent increase in the number of listings over last year, which means more overall choice for buyers.”

“Our market area includes Hamilton, Burlington, Haldimand and Niagara North, and within these areas are smaller communities that each have their own distinct characteristics,” add O’Neill. “The trend over the past several months has been that buyers are choosing more affordable properties and more affordable communities. We expect this to continue throughout the spring market.”

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. I have the experience, knowledge and tools to help buyers and sellers make those big decisions.

*Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value.

Check out this video to learn more about how the Burlington, Ontario market performed in February 2019!

Check out this video to learn more about how the Waterdown, Ontario market performed in February 2019!

Check out this video to learn more about how the Burlington, Ontario market performed in January 2019!

I love doing year end recaps as they take some of the monthly ups & downs on average price and combine them to give us a much more accurate & bigger snapshot of what average price did over the whole year.